It would be thought that Brexit and the upcoming election would put the brakes on the housing market in England. That is not the case. Not only is the market moving forward, but there are record highs in asking price.There is a high demand for homes and this is driving the prices up. In many parts of the country there is not enough homes to go around. This trend of increasing prices has been going upward for five years.
Key Takeaways:
- The housing market remains strong for the month of May despite political concerns.
- Most houses sold are family homes with biggest increase coming from second step buyers.
- More demand than supply and higher prices are not deterring buyers.
“Spring is in the air and home movers are springing up the housing ladder.”